by Anthony | Jul 14, 2020 | COVID19, Housing, Inventory, Mortgages
The Mortgage Bankers Association reported that applications to purchase homes rose by 5% last week and came in at 33% higher than the same time in 2019. Considering that 2019 was such a banner year, this surge in applications is clearly establishing a new benchmark...
by Anthony | Jun 18, 2020 | Housing, Inventory, NJ, Real Estate News
According to Redfin, housing demand was up 25% year-over-year for the first week in June. In some cases there was a slingshot effect, as in the case of Atlanta, where pending home sales surged by 20% year-over-year from 2019. Even though the Atlanta and Southeast...
by Anthony | Jun 11, 2020 | 2020 Trends, COVID19, Housing, Inventory, Real Estate News
A year ago who would have considered that an unemployment rate of 13.3% would be considered a positive development? But then one year ago, who would have considered that we would have been dealing with a pandemic for the last 3 months? Many of the real estate experts...
by Anthony | Apr 16, 2020 | COVID19, Inventory, Real Estate News
Seeing a Buying Slow-Down According to Realtor.com’s March 2020 Monthly Housing Market Trends Report, the nation’s available real estate inventory declined by 191,000 listings, or 15.7%, in March 2020 on an annual comparative basis with March 2019. And for the...
by Anthony | Jan 30, 2020 | Inventory, Real Estate News
One of the residual benefits of remaining in a home longer is the appreciation of the property. This is especially true in a strong market. Year-over-year, the average prices for homes nationwide have climbed significantly. The true benefit of the growth of homeowner...
by Anthony | Jan 13, 2020 | Inventory, NJ Real Estate News
The potential solutions that could possibly change the trajectory of massive shortages of homes for sale will rest upon home builders who will build on the available buildable lots in order to fill in the gaps. The National Association of Realtors this past week...
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